Kibono recommends consulting your accountant before finalising your annual spend limits associated with your Health Spending Account. It is common to attribute a value based on class type (e.g. Executives vs. Staff), a fixed percentage of annual salary or years of experience. Whichever method you choose, it must be deemed reasonable and accordance with the CRA rules for Health Spending Accounts. You cannot discriminate between employees, therefore the same benefit limit must be applied for all employees within a designated class. For example if Jeff and Jane are both Managers, you cannot have a Manager class and place Jeff and Jane in different classes with different annual spend limits.
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